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    524 State St Petoskey, MI 49770

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    For Sale
    $850,000

    Well-maintained 6-unit multifamily property near downtown Petoskey.

    Type:Investment
    Added:
    Apr 26, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 26 at 12:37 pm

    Property Features for 524 State St

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1900

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    Listing Contact
    Christopher Skrobeck

    Listing agent Christopher Skrobeck

    Listing office Van Treese Management LLC

    Listing date Apr 26, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Van Treese Management LLC


    Overview

    Petoskey Multifamily Investment Opportunity

    This classic, well-maintained 6-unit multifamily property is located in a walkable Petoskey neighborhood, conveniently close to downtown, schools, and employment opportunities. The property features a mix of renovated units with durable finishes. Recent upgrades include exterior paint, a rebuilt porch, foundation work, and a breezeway update. The property has city utilities, clean common areas, a covered front porch, and landscaped grounds. The current in-place rent is approximately $8,150 per month with stable tenancy. The property has a strong rental history and offers the opportunity to continue an interior refresh program to capture market rent on renewals and turns. The location has a walk score of 88, indicating it is very walkable, and a bike score of 44, indicating it is somewhat bikeable.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Petoskey
    County
    Emmet
    State
    Michigan
    Longitude
    -84.9517928
    Latitude
    45.3715453

    FAQs

    What type of property is this?
    Apartment building - Well-maintained 6-unit multifamily property near downtown Petoskey.
    Where is this apartment building located?
    The property is located at 524 State St Petoskey, MI.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Very walkable location (Walk Score 88) near downtown, schools, and employment.; Stable tenancy with in‑place rent of ~$8,150/month.; Recent upgrades including exterior paint, porch rebuild, foundation work, and breezeway update.
    More about this property
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